Post by @the_construction_mentor

Estimating isn’t finished when the proposal is sent… it’s finished when the operations team can successfully deliver the job. That’s why your field team needs to be involved in establishing allowances and contingencies. Carry too little, and you may absorb unexpected costs, damage your margins, and create avoidable conflict. Carry too much, and you risk pricing yourself out of the work. The goal is to build realistic, defensible numbers… and educate your client on why they’re necessary. A strong process includes: ✅ Involving project managers and field leaders during estimate reviews ✅ Using historical cost data and lessons learned from similar projects ✅ Clearly documenting assumptions, exclusions, allowances, and contingencies ✅ Explaining to the client what each allowance covers… and what it doesn’t ✅ Conducting a formal handoff from estimating to operations ✅ Reviewing scope, risks, budget, schedule, and client expectations with the team responsible for delivering the work ✅ Tracking changes and updating your estimating database for future projects The people who price the job must effectively communicate with the people who will run the job. That handoff is critical to building a predictable, efficient, and profitable project. Want to learn more? Click the link in my bio to enroll in our 40-hour Construction Project Management Course, covering this topic and dozens of other essential project management subjects. #ConstructionManagement #ConstructionEstimating #ProjectManagement #ConstructionBusiness #GeneralContractor